It’s early in the quarter but potential investors in MSRs are wondering when the auction action might start. So far, few large portfolios have been put on display. But that could change.

The proposed rule, for the purpose of calculating deposit insurance, would provide the same treatment for principal and interest payments made on behalf of a borrower by a third party, such as a mortgage servicer.

Mortgage hiring remains strong, even in the face of declining rates. However, the salary boom for rank-and-file staffers is a thing of the past.

Nonbank servicing of Freddie single-family MBS soared 58.6% over the past year, while Fannie saw a 31.1% gain. But in the stagnant Ginnie market, nonbanks managed to grow their servicing by just 5.9% since June 2020. (Includes two data charts.)

The government wants its MBS servicers to have more cash on hand, just in case. But what about Fannie and Freddie?

It’s earnings season and the early results indicate a decent 2Q for most but not all is rosy. Gain-on-sale margins continued to suffer.

Nonbank originators that have been hoarding MSRs for the past 16 months are sitting in the catbird seat. Some bids are just shy of top dollar. Time to pull the sales trigger?

Sandra Thompson’s elevation to acting director from her role as head of housing mission and goals presaged FHFA’s new focus on fair lending practices enforcement.

The changes: FHA has established a streamlined loan mod that servicers must offer to certain borrowers, GSE servicers have to follow the CFPB’s new standards a month earlier than intended, and Ginnie Mae and NCUA are allowing for a broader range of loan mods.

The sale of mortgage franchises is picking up but there’s a headwind tied to valuations. Owners are holding out for top dollar.